News
Multi-Currency — New Features for Bit Trade Customers
Monday, July 06, 2020

Dear Bit Trade Customers,

We would like to inform you that we will conduct a scheduled update of the Bit Trade website tomorrow, on June 7, 2020.

Therefore, the website may be temporarily unavailable for 7 hours from 9:00 (UTC+3) on June 7. If you have any questions in this period, you can contact our Customer Support by sending an email to [email protected].

After this update, you will be able to buy and sell the Bitbon digital asset not only for US dollars (USD), but also for euros (EUR), Ukrainian hryvnias (UAH), Russian rubles (RUB) and Kazakhstan tenges (KZT).

In addition, the updated website will include a new Payeer payment system (you can learn about its advantages by following the link https://payeer.com/en/fees/) and other features that will allow you to trade seamlessly through Bit Trade.

Therefore, tomorrow each Bit Trade Customer will get access to the following features:

1. Depositing and withdrawing any of the available currencies into/from their Main Balances using the following payment systems:

  • Advanced Cash — depositing and withdrawing (USD, EUR, RUB, KZT, UAH).
    Please note that 1% commission for withdrawing funds using this payment aggregator will be canceled after this update..
  • Payment order (invoice) — depositing (USD and EUR).
  • Payeer — depositing and withdrawing (USD, RUB and EUR).

2. Managing the Main Balance and Trading Account in Bitbons and in all currencies available on the Bit Trade website due to the updated interface of the “Finances” page.

3. Buying and selling the Bitbon digital asset with any of available currencies using quick purchase, including the Quickbot service, for the following trading instruments: BITBON/USD, BITBON/EUR, BITBON/UAH, BITBON/RUB, BITBON/KZT.

Moreover, the updated “Exchange” page will contain separate order book, active orders and order history components for each trading instrument.

Following the transparency and openness policy, we are making the order history (“Executed Sell Orders” and “Executed Buy Orders”) available to all Customers on the “Exchange” external webpage, which will allow you to view the executed buy and sell transactions on the Bit Trade website over the last 90 days.

In addition, we would like to inform you that after the update, the Affiliate Program participants will receive remuneration in the currency they purchased Bitbons for, i.e. in US dollars, euros, Ukrainian hryvnias, Russian rubles or Kazakhstan tenges.

You can find the detailed information about the updated terms and conditions of the Affiliate Program in the Affiliate Program Terms and Conditions.

Please note that after the services of Bit Trade are updated, and the multi-currency feature is added, all limit orders for BITBON/USD placed before will be cancelled, and the amount of funds specified in these orders will be returned to Customers’ Trading Accounts. Then, Bit Trade Customers and Partners will be able to place orders using all available trading instruments.

We would also like to remind you that missing connections in the mining pool will be created from July 8 to July 14 as part of the preparation period for the launch of Consensus building mining. The “Mining” button next to each Assetbox in your Bit Trade account will become unavailable.

Preparing for the Start of Mining and Creation of Social Connections of the Initial Mining Pool
Tuesday, June 02, 2020

Dear Customers of the Bit Trade Exchange of Digital Assets,

We would like to inform you that from June 3 to June 27, 2020, during the preparation period of the start of mining and creation of social connections of the initial mining pool, the Bit Trade Exchange of Digital Assets will provide its Customers with an opportunity to connect their Assetboxes to Consensus building mining in accordance with the structure based on affiliate programs.

The preparation period will be divided into two stages:

  1. The first stage (approximately from June 3 to June 20) will be held by initiating a connection of one of the Assetboxes to mining by participants in affiliate programs as part of the creation of social connections.
    The “Bitbon Assets” section (“My Assetboxes” tab) of the Bit Trade account of each participant in affiliate programs will contain the “Mining” button that will allow them to connect one of the Assetboxes to the mining pool. This button will be available only during the preparation period.
  2. The second stage (approximately from June 21 to June 27) will be held as part of the automatic creation of missing connections in the mining pool.

To connect to mining, you need to take the following steps:

  • Log in to the Bit Trade account (select the “My Assetboxes” tab in the “Bitbon Assets” section).
  • Select an Assetbox you want to connect to mining and click on the “Mining” button next to the selected Assetbox.
    Please note that you can select and connect only one of the Assetboxes available in your Bit Trade account to mining during the preparation period.
  • Enter your BTSC and click on the “Connect” button.
  • As soon as all connections are created in the mining pool that you are connecting to, 0.0001 Bitbons will be automatically transferred from your Assetbox to the Assetbox to which you have initiated the connection; therefore, the connection of your Assetbox to the mining pool will be completed.

After you click on the “Connect” button, you will be able to monitor the current status of connection of the selected Assetbox to the mining pool in the “Bitbon Assets” section (“My Assetboxes” tab) of your Bit Trade account at any time:

The “Red Dynamic Clock” button will show that your Assetbox is being connected, but a Bitbon System User whose mining pool you are connecting to has not initiated the connection. If this User does not initiate the connection during the first stage of the preparation period, your Assetbox will be connected to an Assetbox, which is higher in the hierarchy.

The “Green Dynamic Clock” button will show that your Assetbox and the Assetbox the mining pool of which you are connecting to are being connected to the mining pool. As soon as all connections are created in this mining pool, 0.0001 Bitbons will be automatically transferred from your Assetbox to the Assetbox to which you have initiated the connection. Therefore, the connection of your Assetbox to the mining pool will be completed.

The “Pickaxe” button will show that an Assetbox is connected to the mining pool.

We would also like to draw your attention to the following key points:

  • To connect any of your Assetboxes to the mining pool, the balance in the Assetbox being connected must be at least 0.0001 Bitbons during the entire preparation period. Otherwise, your Assetbox will not be included in the mining pool.
  • After the start of the preparation period of mining, the option of transferring Bitbons between Users’ Assetboxes will be temporarily unavailable for technical reasons. At the same time, Users will be able to use their Trading Accounts on the Bit Trade Exchange as usual.
  • If you do not initiate a connection of one of your Assetboxes to mining during the 1st stage of the preparation period, the mining pool will be created automatically without you. Therefore, if you are a participant in an affiliate program, all your partners will be automatically connected to an Assetbox, which is higher in the hierarchy.
  • If you have not connected to the initial mining pool, you can do it after the launch of Consensus building mining of the Bitbon System (starting from June 27, 2020), but your previous connections based on affiliate programs will be lost.
  • In addition, starting from June 27, 2020, Bitbon System Users will be able to connect other of their Assetboxes to any mining pools at their own discretion.

You can learn more on how Consensus building mining of the Bitbon System works by reading the following documents:

Principles of Building Mining Pools and Crediting Remuneration

Consensus Building Using the Community PoS Algorithm in the Blockchain Network of the Bitbon System.

The Company is convinced that the creation of social connections of the initial mining pool by the participants in affiliate programs of the Bit Trade Exchange is an important and confident step towards implementation of the 2nd stage of decentralization of the Bitbon System in accordance with the Roadmap.

Dates of the Upcoming Updates of Additional Opportunities from the Bit Trade Exchange
Tuesday, May 26, 2020

Dear Customers of the Bit Trade Exchange of Digital Assets,

Specialists of our Company are confident that Customer feedback is one of the most important parts of successful work, which is why we always remain open to the requests of our Customers and constantly work on improving the services and conditions provided on the Exchange. During the last weeks, we have been receiving many requests to extend the additional Offer for distributing Bonus Bitbons from any volume of purchases.

In this regard, the Company decided to extend the additional Offer for our Customers to be able to purchase Bitbon at a favorable price for further activity in the Bitbon System.

Thus, you can participate in the Promotion “Opportunity” until June 12, 2020.

IIn addition, we would like to specify dates of the upcoming updates:

  • From May 29, 2020, the “Mining” page will be available on the Bitbon Space website where you will be able to read the documents necessary for successful work of Miners and follow the process of building mining pools.
  • For technical reasons, the period of preparing for mining and building social connections of the initial mining pool starts on June 3, 2020 instead of May 29, as previously supposed. Therefore, from this moment, the function of Bitbon transfer between Assetboxes of Users will be temporarily unavailable. At the same time, Users will be able to use their Trading Accounts on the Bit Trade Exchange as usual.

Additional information about the process of building mining pools and upcoming updates will be published on June 2, 2020.

Offer from Bit Trade: 20% of Bonus Bitbons for Each Purchase
Saturday, April 11, 2020

Dear Customers of the Bit Trade Exchange of Digital Assets,

The Company regularly analyzes the development of Bit Trade and takes its Customers’ interests and suggestions into account in order to increase the quality and effectiveness of the Bit Trade services, including additional Offers. We see that the remaining amount of Bonus Bitbons will not be used until the lowest value of the Bonus rate is reached, which decreases every 7 days according to the Additional Offer Terms and Conditions. At the same time, the Company seeks to further contribute to active redistribution of Bitbons, extend the opportunity and enable its Customers to purchase Bitbon at a favorable price.

Therefore, we would like to inform you about the end of the additional Offer and the launch of a new Offer with more profitable conditions today, on April 11, 2020.

The Company has made the decision to distribute the remaining Bonus Bitbons with the fixed Bonus rate of 20% of any amount of Bitbons you purchase until May 27, 2020. The Offer is limited in time and amount of Bonus Bitbons.

Please note that such a profitable Offer is implemented on the Exchange in order to attract as many Customers as possible and, therefore, to develop the community of Bitbon owners. We are confident that this approach is relevant not only due to preparation for the launch of Consensus building mining of the Bitbon System, but also at the initial stages of forming the liquidity of Bitbon as a whole.

It is important to understand that the redistribution of Bitbons and expansion of business relations on the developing digital assets market will exponentially contribute to the increase in the price and promotion of Bitbon. In turn, this trend is extremely important to all Customers of the Exchange and each User of the Bitbon System.

Based on the above, to use the new Offer of the Bit Trade Exchange means to significantly increase your own capital in the near future.

We would like to remind you that the amount of Bonus Bitbons is limited, and there will not be such Offers in the future. Therefore, purchasing Bitbon today is an optimal and reasonable decision to become a part of the Bitbon System community, obtain the right of access to the services of the Bitbon System and participate in the distribution of remuneration for mining.

We are confident that the idea to become the owner of Bitbon is one of the most sound and most promising decisions towards success in life of everybody.

We recommend you to visit the Opportunity page, which contains more information about this Offer, including the countdown timer to the end of the Offer.

We would also like to note that the Bonus will be credited automatically within a few days after the end of the Offer provided that all the conditions of the Offer are met, i.e. the purchased Bitbons are kept in your Assetboxes until the end of the Offer of the Bit Trade Exchange.

You can learn more about the conditions of this Offer and rules of crediting remuneration in the updated document: Additional Offer Terms and Conditions.

Launch of New Services for the Customers of the Bit Trade Exchange
Wednesday, March 11, 2020

Dear Customers of the Bit Trade Exchange of Digital Assets,

We would like to inform you that new services are available on the Bit Trade Exchange starting from March 11, 2020, which allow:

  • Customers in the status of a legal entity to purchase and sell Bitbon digital assets as intangible assets (IA) based on the Standard Form of the Financial Services Agreement, an agreement on the provision of services for purchasing and selling virtual values. To get full access to all the services of the Bit Trade Exchange as a legal entity, you need to complete the full registration as a representative of a legal entity, who has the right to act on behalf of an enterprise. Once you are successfully verified as a natural person, you need to register as a legal entity by providing the copies of the supporting documents listed in the “Legal Entities” section.
  • Verified Customers who live in Europe, including Ukraine, as well as Russia, Kazakhstan and a number of other countries, to quickly purchase Bitbons and deposit funds to the Main Balance through new payment aggregators using popular services of fund transfer directly avoiding an intermediate stage of replenishing balance in the payment aggregator itself. Customers will soon be able to use Visa and Mastercard to purchase Bitbons and deposit funds to the Main Balance.
  • Verified Customers to create requests for withdrawal of funds from the Bitbon sale in the amount of up to 5,000 USD from the Main Balance to a bank account.

We would also like to inform you that additional methods for depositing and withdrawing funds directly through Visa and Masterсard will be added in the coming months.

The Company is convinced that the addition of new services of the Bit Trade Exchange will significantly improve the conditions for using its opportunities by Customers, which will consequently facilitate the increase in Bitbon price and liquidity.

Information for legal entities